Shanghai Market Slump

The recent drop in the Shanghai Market caused drops in markets all over the world. The drop has finally recovered, but the event illustrates the interdependence of nations. The remarkable thing is how short of a time this interdependence has developed. US-Sino relations have come a long way from Kissinger's secret meeting in the 70s. Protective tariffs and other means of maintaining a national economy seem to methods of the past. Heavy US investment in China as well as our debt to China makes we wonder about the future of the nation-state. I find U.S. politicians desire to secure jobs in the manufactering sector naive promises. The U.S. needs to focus on educational investment. A greater educated workforce is the U.S. only way the U.S. economy is going to stay viable. It isn't China's fault these jobs are going oversees, but hopefully Chinese workers will be able to collectively bargain in the future and even the playing field.